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Overview / Commentary
15 Bodo Dr
Durango, CO 81303

Southwest Colorado Credit Union is headquartered in Durango and is the 47th largest credit union in the state of Colorado. It is also the 2,556th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 6 employees and 3,508 members. Southwest Colorado Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Archuleta, Dolores, La Plata, Montezuma or San Juan County, Colorado. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Southwest Colorado Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Southwest Colorado Credit Union had $0 in non-current loans and owned real-estate with $4.61 million in equity and loan loss allowances on hand to cover it. This gives Southwest Colorado Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Southwest Colorado Credit Union has increased its total deposits by $1.83 million, resulting in 5.3% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southwest Colorado Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southwest Colorado Credit Union has $41.11 million in assets with $4.61 million in equity, resulting in a capitalization level of 11.20%, which is excellent.

Institution Statistics

NCUA #12609
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$41.11 million
Loans$11.06 million
Deposits$36.37 million
Equity Capital$4.51 million
Loan Loss Allowance$97,000
Real Estate Owned$0
Historic Data - March 2013
Assets$39.22 million
Equity Capital$4.30 million
Loan Loss Allowance$86,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.49%
Return on Equity4.44%
Interest Income$179,000

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Southwest Colorado Credit Union Savings Account Rates

0.06%--IRA Deposit Account
0.06%--Health Savings Account
0.02%--Regular Savings Account

Southwest Colorado Credit Union Money Market Rates

0.04%--Money Market Account

Southwest Colorado Credit Union Checking Account Rates

0.01%--Checking with Dividend Account

Southwest Colorado Credit Union CD Rates

0.10%$500-Flex Certificate Account
0.07%$500-Certificate Account

Southwest Colorado Credit Union IRA Rates

0.35%--IRA Certificate Account
0.35%--Education Certificate Account

Southwest Colorado Credit Union Locations
Branch Office15 Bodo DrDurango, CO 81303